Estate Planning
An Estate Plan is the complete package of how you’ll provide for your family and loved ones while you’re living and after you die.
A Will is essential to any Estate Plan. It outlines exactly how you want your assets to be distributed. With a will in place you can choose your heirs, make specific bequests, and choose an executor for your estate.
If you have children, your Estate Plan should also include a Guardianship appointment. By appointing a Guardian, you can rest assured that your children will be raised by someone chosen by you. If you do not appoint a guardian the Public Guardian and Trustee may be appointed.
Unfortunately, many people have neither an Estate Plan nor a Will. Families can be financially overwhelmed by this procrastination.
In Canada 50% of family providers do not have valid will.
Estate Planning can go hand in hand with Retirement Planning and you’re never too young to start preparing for retirement. By creating an estate plan today, you’ll save on taxes and fees later on.
A well thought out, well-executed estate plan will allow your loved ones to carry on with their lives after your demise without suffering overwhelming legal and financial difficulties.
So, discuss your goals with your partner and family. But most importantly, employ the services of qualified professionals. Include your Attorney, Accountant, and Financial Advisor in the planning.
Review your Estate Plan at regular intervals or when any significant event occurs.
If you would like specific information on Estate Planning, please contact us.